OFG Bancorp
142 hedge funds and large institutions have $421M invested in OFG Bancorp in 2016 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 41 increasing their positions, 46 reducing their positions, and 15 closing their positions.
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
9% more funds holding
Funds holding: 130 → 142 (+12)
5% more capital invested
Capital invested by funds: $400M → $421M (+$21.3M)
8% less call options, than puts
Call options by funds: $1.81M | Put options by funds: $1.95M
4.08% less ownership
Funds ownership: 98.99% → 94.91% (-4.1%)
11% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 46
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMH
Cornerstone Capital Management Holdings
New York
|
+$4.4M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.79M |
| 3 |
PCM
Polaris Capital Management
Boston,
Massachusetts
|
+$2.77M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$2.58M |
| 5 |
SV
Stilwell Value
New York
|
+$2.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$9.81M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.46M |
| 3 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$4.91M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$4.85M |
| 5 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
-$4.04M |
OFG Hedge Fund Activity: Q3 2016 in Review
142 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in OFG Bancorp (OFG) for Q3 2016, worth a combined $421M — up 5.3% from $400M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new OFG positions and 15 closed out — a net gain of 12 holders — while 41 added to existing stakes and 46 trimmed.
The largest buyer was Cornerstone Capital Management Holdings, adding an estimated $4.4M. The largest seller was Carlson Capital, cutting an estimated $9.81M.
- 142 institutional investors held OFG Bancorp (OFG) as of Q3 2016, up from 130 in Q2 2016.
- Funds reported $421M of OFG Bancorp stock for Q3 2016, up 5.3% quarter-over-quarter.
- 27 funds opened new OFG Bancorp positions in Q3 2016 and 15 closed out, a net change of +12 holders.
- The largest OFG Bancorp buyer in Q3 2016 was Cornerstone Capital Management Holdings, an estimated $4.4M added.
- The largest OFG Bancorp seller in Q3 2016 was Carlson Capital, an estimated $9.81M sold.
Based on aggregated 13F filings for Q3 2016.